An family-owned ironworks business in Bo-ness which has been in operation since 1856 has entered administration.

Ballantine Bo-Ness Iron Company Ltd and Ballantine Engineering Ltd – which have been owned and run by the Ballantine family since 1856 - employ a total of 73 staff.

The companies manufacture ornamental, architectural and structural iron works, and its iron work has been used all over the world, including in the multi-award winning restoration of Westminster Bridge and new ly designed railings and gates for royal palaces across the Middle East.

Joint administrators Anne Buchanan and James Stephen of BDO said eight staff have been made redundant on their appointment, but added there had already been “some interest” from potential buyers.

The administrators said the business had struggled as a result of the economic downturn.

Joint Administrator Anne Buchanan said: “This is a well regarded, long established business operating in a highly specialised manufacturing market.

“Although the companies produce mainstream iron products such as gates and railings, bridges, street furniture, fountains and other items this remains a niche market.

“There has already been some interest in the businesses but it is still very early on in the process.”

She added: "We are working with management and staff to ensure that everyone remains informed of what is happening and the likely outcome of the administration.

“This recession has affected many well known, long running businesses and, unfortunately, the Ballantine Bo'Ness companies are the latest to succumb to the economic downturn."